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even further into record territory. >>> the treasury department says the country's budget deficit dropped to its lowest level in six years, during 2013. the federal deficit was $680 billion in the last fiscal year. that's down from about $1.1 trillion the previous year. cnn global economic analyst, managing editor of "time" magazine. so it's a dramatic -- about 15% drop in the deficit, which is still high, but a lot less than it used to be. what happened? >> well, in short, the country's growing again. we have been in a recovery for the last year. hasn't felt like one to a lot of people, but growing your way out of a deficit is always the best way to do it. that happened during the boom period of the clinton years, what a lot of people have been hoping would happen once we got past the fiscal headwinds in washington, that we get back on a growth path. what's interesting, though, there is actually a cbo study out looking at the longer term impact on budget deficits. and we have to keep growing faster in order to keep it down. we go back to a 2% economy, those numbers will tick righ
opportunity for americans. at a time when our deficit has been cut in half, it enables us to meet our obligations to future generations without a mountain of debt. this adheres to the spending principles members of both houses and both parties agreed to. it also builds on that progress with what we are calling an opportunity, growth, and security initiative, that invests in our economic opportunities in a way that is paid for by making smart spending cuts and closing tax loopholes that right now only benefit the well-off and well-connected. i will give you an example. the tax system provides benefits to wealthy individuals who save, even after they have amassed multimillion dollar retirement accounts. by closing that loophole, we can help create jobs and grow the economy, and expand opportunity without adding a dime to the deficit. we know the country that wins the race for new technology will win the race for new jobs, so this creates 45 high-tech minute extra pounds where businesses and universities will partner to turn groundbreaking research into new industries and new jobs made i
to address the deficits, chronic deficits in the national flood insurance program. they are undoing the work to providing relief. the house will take up an energy will restrictich the epa's regulation of carbon emissions by coal-fired plants. this is a big priority of utilities. it would require any limits for new plants to be based on existing technology. it will be a theme this week. there will be several energy bills, just like there was a theme last week about excessive regulation. we thank bettelheim, you for the lookahead. as always sir, thank you for your time. >> my pleasure, sir. >> on the next washington journal, national review --umnist talks about us joins us to talk about the tea party. followed by brandywine garden -- eingarten. in thejoined with daniel council of foreign relations. washington journal is live at 7:00 a.m. eastern. what we're told, both as students and as a nation, is there are all kinds of siddons and marches and demonstrations and occur. -- sit in's marches and demonstrations that occur. barks --it was rosa basically, it was rosa parks and the young preacher w
don't see it happening. and i see a lot of this idea about how we're going to get deficits under control and in plans in time courtesy of tax hikes, but not a lot of spending cuts. >> well, a couple things. first of all, if you look at this budget, it shows the that the deficits are steadily decreasing, year by year. as you know, we've cut them in half over the last four years. and this budget puts the them on a continuing downward trajectory, number one. >> but they are still relying on tax hikes. $1 trillion worth over the next year. and i'm wondering, where are the savings? because the president and republicans, too, there were no fair players on this, they reversed what were going to be minor cost of living juchlgts in the last deal. they scrapped that altogether. writes the will for getting this under control? >> two things. i think if you look in the medicare area, the president's budget identifies some additional efficiencieefficienc that are saved, that are cut, not by harming beneficiaries, but by reducing and continue to reduce some of the overpayments to the private in
'm on medication that i tell them the deficit is falling and falling pretty sharply. i think this move fiscal restraint is grossly underappreciated. i will talk about that in a minute or two. this mood of fiscal restraint will persist as long as one thing continues, that is republican control of the house. i will leave it to dr. cook to give us his analysis of where the house is headed after the 2014 election but i think this theme has legs and will continue for quite some time. now somebody asked me right before this, what about all the gridlock in washington? i would agree that we look dysfunctional in this city but i would also say that we've had some fairly interesting breakthroughs in the last two or three months. we got a budget deal. paul ryan and patty murray. i think paul ryan is growing as a politician. not as reflexively conservative. i think he was willing to look at even some modest revenue increases. we got a farm bill. wasn't a great bill but we did get a farm bill. most importantly you see clear signs from the republican leadership in the house that they did not want a crisis
security is our deficits, our debt. it's going to crowd out other spending. it threatens our economic viability, our growth potential, and it actually places us at risk for some financial crisis in the years to come. so i -- our voters deserve better. and look at how they tend to maneuver this legislation. it's just so absurd sometimes. we should laugh about it if it weren't so serious, and it is serious. the sanders bill, the veterans' bill that we are being told we must vote for or they will accuse us of being unkind and unsupportive and unsympathetic to our veterans. that day's over. we're not going to be intimidated on this. we're going to do the right thing for veterans and america. this bill would exceed the spending limits for the current fiscal year that congress and other -- and the president agreed to just three months ago. initially -- and it gets worse in the outer years, it would clearly add another $260 million in mandatory spending and authorize another $182 million this year, fiscal year 2014 we're already in, $182 million. and it gets worse. so we agreed in 2011, augu
. cutting spending and raising revenues. really important is reform. a lot of the budget deficit is because ukraine has a very high energy subsidies. it pays a fifth of the import price. energy has to rise as well. that's really, really important. it is important for getting rid of corruption. other bits are likely to be stabilization. that's the good news. the final bit is banking sector reform. the exchange rate when it weakens will credit a big hole and that one needs to be filled. >>> take a look at this, would you? is this the future of aviation? investors behind this giant airship believe it could revolutionize oil exploration to disaster relief operations. it will be able to lift 50 tons of cargo. it has been sold back to the british firm. it has won the financial backing of one of britain's most success rock stars as richard wescott has been finding out. >> reporter: inside britain's big of aircraft hangar, something is growing. beating into life the world's longest flying machine. looks like an airship, but it isn't because it doesn't float. what you can see from here is that uniqu
that billions of dollars to our deficit every year. insteadrats, we believe of more tax breaks for the few, we should make investments to grow the economy for everyone. that's what we believe. [applause] opportunity for all means guaranteeing every young person access to a world-class education. [applause] ago, justfour years an example, four years ago we took on the student loan system that gave billions of taxpayer dollars to big banks as part of the student loan system, even as there were young people out there who were not getting the help they need it to go to school. so we use the savings to help more students afford college. today, more young people are earning college degrees than ever before. you would think republicans would say, you know what, that's a good idea. good for you, mr. president. [laughter] bno, the republicans still want to return that money to the banks. as democrats, we are fighting to make sure that more americans can afford higher education, whether it is technical training, community colleges, four-year university. that is what we believe. that is what we are fight
as president. >> the main problem is the fiscal deficit, representing 4% of g.d.p. the government will have to reduce subsidies, resulting in an increase of drifty and transportation costs. cristina fernandez de kirchner's next move will be to convince trade unions to ask for modest wage increases whon others are sharpening their lives for the elections. >> now to the top story in ukraine and the crisis in crimea. we are able to talk to srca markov, a -- srca mark of, a split scientist and member of the russian parliament. some in the west are accusing russia of overreacting. how do you respond? >> i said the west underreacted in what happened in ukraine. in ukraine you can see the military - they are democratically elected ukrainian president yank are a are -- viktor yanukovych, and they are not able to do it. mostly in the government is someone hated bit the majority of ukrainian people. now you see a revolution in the eastern and regions of ukraine. those regions want to be part of ukraine. they don't recognise who took power in kiev. if russian troops intr the territory. they do it to s
reduced the deficit, two other goals came from two of their stalwarts late in the second half. defender car carlos pulo, richad barth al jazeera. >> it was a thrilling final round at the honda classic in florida where the title was decided in a four man playoff. tiger woods began seven shows behind, but he was forced to withdraw with a back injury. double bogey, four-over 74, missed the eagle putt, for the final hole of the outright win. henley, only second pag victory. >> it was a rush to be out there, playing with rory. i've never played or bean part of the crowd so big. it was just an amazing feeling. i feel like i kind of got them going and it was so much fun. i hope i can have a bunch more sundays just hike that in my career. >> i didn't -- like that in my career. >> i didn't play well enough to deserve the tournament. just wasn't in control. my golf ball coming down the stretch. but you know still had a chance to win the tournament, didn't quite do it, and just had an awkward distance from my second in the playoff and a couple of awkward lies, couldn't make birdie but it's been a
in somebody's life, it shows up there. >> yes, what we can see is there is a deficit in theiar in the ae middle frontal cortex of kids who have ptsd. >> brown: in the developing brain of a child, ptsd can discourage learning. >> so the issue we have with chronic stress, it manifests as a ptsd syndrome or disorder is that some of the areas that are affected are areas that we need for our learning. for example, brain centers that process memory, brain centers that process executive function are particularly vulnerable. so ptsd can have an effect in how children learn brown. >> brown: according to carrion, up to 30% of children who live in low-income, high poverty neighborhoods will show symptoms of p.t.s.d. for every child in our school who acts out, i can look to something in their life that's not working. every single time there's a concrete and sad story about why this child doesn't get what they need. >> bring your arms up, put your left leg around your knee. >> brown: by teaching children to pay close attention to breathing and movements, the medical student hopes they're better prepa
. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards last night. stay tuned for our thoughts on the big show on this big show. >>> so, sarah palin could see russia from her house, or rather putin's threats. she warned us in 2008 if barack obama wins, his indecision and moral equivalence may spur putin to invade ukraine. she was mocked for it because as you know, she talks funny and stuff. who could forget the debate that obama had a lame joke that poked fun at mitt for calling him a foe. >> russia is a geopolitical foe. excuse me, it's a geopolitical foe, and i said in the same paragraph, i said, and iran is the greatest national security threat we face. russia does continue to battle
when our deficit has been cut in half, it laos us to meet our obligation to future generations without leaving them a mountain of debt. >> budget also did he vote money for highways and roadways. >> republicans have a different view on spending priorities and debt. what are they saying? >> john boehner calling it perhaps the president's most irresponsible budget ever. paul ryan says it isn't a serious document, it is a campaign brochure. ryan is working on a budget of his own which is expected to take a look at poverty programs noting some work, others don't. as for the president's blueprint, the top republican on the senate budget committee blasted it. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it, it projects we're going to raise another 1.75 trillion. the last two budgets proposed an increase of a trillion dollars in taxes. this would almost tunnel the amount of tax increase. >> republicans say the president's plan spends, borrows, and taxes too much, gretchen. >> thanks. >>> fox news alert, health an
the chronic deficits in the national flood insurance program. they are sort of undoing their work to provide some relief. on the energy bill, the house is going to be taking up among other things a measure that would restrict the epa's restriction of carbon emissions by coal powered power plants. this is a big change in utilities. it would require any epa carbon solution limits to be based on existing technology. it is going to be a theme this week. there'll be several energy bills, just like there was a theme this last week about .xcessive regulation >> atrial bettelheim with cq roll call, we think you for your look ahead. as always, sir, thanks for your time. >> my pleasure. thanks. told both ase students and as a nation in terms of popular imagination is that there are all kinds of citizens and marches and demonstrations that occur. but they are really done by these famous, iconic people. basically, rosa parks, who was just so tired that she refused to get up from the bus in montgomery, alabama, and sparked a bus boycott, and basically, a young preacher, who even the president referred to
issue of our time, attention deficit disorder,
of the city as a whole so that we instead of seeing elderly new yorkers as a deficit, as a problem to be solved. instead we say the world is fundamentally a changing place, we're living longer, were living healthier and older new yorkers now are here in numbers that have surpassed anything in history. >> sreenivasan: one key ingredient to the initiative is listening to seniors, according to ruth finkelstein of the new york academy of medicine. she leads the initiatives private sector efforts. >> everything we do is grounded in the perspectives and voices of older adults. the first thing that they have to realize is we don't stand in the shoes of the people that were addressing and that we need first and foremost to understand the city through their perspective. >> sreenivasan: the program is now up and running in all five boroughs, including manhattan, where we met up with ed and sarah aarons. they cant imagine living anywhere but here. >> and i can't conceive of having the facilities and conveniences and the excitement as other places. >> the only two places he would like to live
in the second half. the cowboys overcoming a deficit, shooting 64% from the field. the finals 72-65 osu. virginia continues to be one of the surprise teams. they beet syracuse outscoring the orange. celebrating an amazing season on senior day in charles otsville. the cavaliers had the first out right a.c.c. title in 33 years. the orange dropped three of their last four. >> on the links, tiger woods is trying to make noise after barely making the cut at the honda classic. woods beginning the third round it 11 shots behind rory mcilroy. china charged up the board, posting seven birdies. woods jumped 49 spots. seven behind the leader entering the final round. >> finally tempers flare in the english premier league. the manager, al-alan pardew ped butting david meyler. he wassest jected and -- he was ejected and finned $168,000. >> sydney's gay and lesbian community celebrated the mardi grass parade. more than 10,000 watched the spectacle. the australian navy band marched alongside secondly clad dancers. [ ♪ music ] >> crowds filled the streets of rio de janeiro for its mardi gras parties
about it first watching the television. there is a trust deficit here. when kerry asked if he trusted putin, he said, wolf, there is some value in putin and that's why you keep hearing from u.s. officials they are going to keep watching what russia does this weekend. we know they are watching closely from the air, from the ground to see if the troop movements amount to anything where they go into the country. >> reminds me sort of the worlds of ronald reagan's in the '80s, trust but verify. >> that's right. john kerry says verify, verify, and then verify. >> the situation is tense. jim sciutto, thank you very much. more on the rising tensions in the u.s. but just ahead, former chris christie aides contain new information about the bridscand and they are sparking new outrage. in fact, they depend on a unique set of nutrients. [ male announcer ] that's why there's ocuvite to help protect your eye health. as you age, your eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite is a vitamin made just for your eyes from the eye care experts at bausch + lomb. ocuvi
that there are substantial long-term budget deficit issues and a need for a sustainable physical path for the country to focus to the maximum extent possible on fiscal changes that would address the longer run issues that will be associated with rising debt-to-gdp ratio over decades and to try to avoid doing harm to the recovery, and i would take the same general position. >> but in the short run there is a value of additional fiscal stimulation in the economy that will complement what you're already doing and make it easier for you to withdraw the quantitative easing. is that a fair comment? >> i think the economy is beginning to recover and we have made progress. and, you know, at a minimum, i would hope that fiscal policy would do no harm. >> just one other quick question you have looked at an unemployment rate of 6.5% as a point of inflection if you will. but one of the aspects of the current employment situation is that labor force participation is falling that 6.5% might not capture the reality of the current economy and be an adequate sort of measure when you should begin or how you should beg
small needles to thread for the trusted deficits. president obama has demonstrated and wants to be a partner for peace. he is committed to trying to end the conflict and all of his claims. how he can do that? let's be candid. some of you doubt it. as it israelis security officials will a test, -- attest, abbas has been against the violence. i have also spent many hours with president abbas. i believe he clearly understands both the tremendous benefit of peace and the great costs of failure. he understands that in terms of his own people, his own grandchildren, the country he hopes to be able to lead, and in terms of the history that be leakers -- beleaguers all. he know the people what never have the self-determination without ending the conflict in a solution that delivers two states for two peoples. and so this prime minister netanyahu when he looks me in the eye and said i cannot accept a deal with the palestinians that does not make the people of israel safer. we agree 100%. [applause] but i argue, there is a distinction between a unilateral withdrawal from lebanon where
a pressure has faded to launch bold, new attacks on federal deficits. the president's fiscal blueprint expected to include proposals to upgrade aging highways and railroads, finance more prekindergarten programs and enhanced job training. the white house said it would also enlarge the current income tax credit to cover 13.5 million low aren't workers without children, expand the childcare tax credit for some parents, and make it easier for workers to contribute to individual retirement accounts. >> president obama will talk about his budget proposal to an elementary school here in washington, d.c. we'll bring you his remarks live at 11:30 eastern on our companion network c-span and we invite you to weigh in on your thoughts on the president's proposal at facebook and twitter using #cspanchat. later the white house budget office will hold a briefing with budget director sylvia mathews burwell and policy advisers. live at 12:45 p.m. eastern also on c-span. here on c-span2 we will go live to the heritage foundation for discussion of the future of ukraine. this the second of state has arri
to this aid. difficult steps need to be undertaken to right size gas prices and trim budget deficits, but ukraine should be given a long enough lease so that these necessary reforms don't strangle a nation today dealing with threats to its very existence. second cry me i can't. -- crimea. they have invaded and the very accord they signed guaranteeing crimea's territory. no doubt president putin was sore and no doubt he didn't like the fact that the united states voiced its strong support for the right of a sovereign ukraine to make independent decisions about its future partnerships and no doubt he is infuriated that the ukrainian people are now on their way to getting their way. but this is not a schoolyard. you don't get to push around weaker kids just because you don't like them. this is the 21st century. the reason we belong to organizations like the united nations or the reason we negotiate treaties like the budapest memorandum is because we now understand, after centuries of european war, how destabilizing this kind of behavior is. the irony for russia, of course, is that this
so we expect the lira, the current deficit is an issue in turkey and we expect the currency to remain weak so we have to consider that when making investment proposals, we have to assume a little bit of, not a currency strengthening anyway, probably weakening if anything and brazil is a problem for currency from that point of view and equally as a sterling uk investor we find the dollar quite cheap so we find u.s. assets quite interesting at the moment. what goes around comes around i guess. >> reporter: thank you very much for joining us. julia, that is from here. we'll be back in an hour with another interview. for now pack over to you. >> thank you, great to chat to you. >>> the bitcoin exchange mt. gox received a subpoena from prosecutors in new york, asked the company to preserve certain documents. ceo mark capellas issued a statement saying the business is at a turning point. japanese authorities are looking into the matter but don't have jurisdiction after the mt. gox website went down. >>> still to come, the british economy returns to focus as investors await the second meetin
be running a deficit of a half trillion dollars a year. the real problem, the, i was going to say elephant, but i'm saying the big animal in the room, gorilla in the room that, that everybody's avoiding is the mandatory spending. and unless we address that, we're just going to keep digging ourselves further and further in the hole. and that is the real problem. and we're trying to, like i say, solve it on the backs of our military. can't be done. >> excuse me. what are your priorities for marking up the fiscal year 2015 defense authorization bill? >> getting it done by october 1st. that is by main, and you're going to hear, that is all i'm going to be talking about between here and october because i'm really concerned. i brought that up in the meeting with the big eight and secretary and general dempsey. it is incumbent upon us to get that done. last year we got the defense authorization bill done on the last day the senate was in session. or we would have missed it. now we have passed that bill every year for 51 years and some people think we have to do it for 52 years because we've done
's advocate here. the country has a massive deficit. we need the money. so why should the country continue to subsidize the most profitable industry, rather. this this is according to sage works. oil and gas, the energy industry, most profitable. >> well, alex, and i would ask, you know, why should they subsidize the oil industry. and the fact is, they don't. percentage depletion is not a subsidy. it's not a loophole. and that's the thing that's perplexing to me. why, if it's not broken, don't fix it. i would challenge those who would say that to take a look at percentage depletion. it's not a subsidy. it's not a loophole. so i would agree with them on that point. >> okay. back to the politics of all this. this is the latest in a string of policies that have fractured the gop. who is in charge of the party? >> well, i think any time a majority party is outside of the white house, and you could have said the same thing during the bush years with the democrats. you know, there's just a lot of discussion, a lot of chatter out there. if you're in the minority. but the fact is, i think even rep
about each other. that is what we have to get through here. thread forneedles to the trusted deficits. president obama has demonstrated an want to be a partner for peace. he is committed to trying to end the conflict and all of his claims. that? can do let's be candid. some of you doubt it. as it israelis security officials will a test, -- abbas has been against the violence. many hours spent with president abbas. i believe he clearly understands both the tremendous benefit of peace and the great costs of failure. he understands that in terms of his own people, his own grandchildren, the country he hopes to be able to lead, and in terms of the history that be leakers -- beleaguers all. he know the people what never have the self-determination without ending the conflict in a solution that delivers two states for two peoples. and so this prime minister when he looks me in the eye and said i cannot accept a deal with the palestinians that does not make the people of israel safer. we agree 100%. [applause] but i argue, there is a distinction between a unilateral withdrawal from lebanon w
Search Results 0 to 28 of about 29 (some duplicates have been removed)